Chefs’ Warehouse (NASDAQ:CHEF) Releases FY 2020 After-Hours Earnings Guidance

Chefs’ Warehouse (NASDAQ:CHEF) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.91-1.00 for the period, compared to the Thomson Reuters consensus estimate of $1.07. The company issued revenue guidance of $1.85-1.91 billion, compared to the consensus revenue estimate of $1.7 billion.Chefs’ Warehouse also updated its FY20 guidance to $0.91-1.00 EPS.

Shares of CHEF stock traded down $0.53 during trading hours on Friday, hitting $37.10. 301,172 shares of the company’s stock were exchanged, compared to its average volume of 245,644. The company has a market capitalization of $1.13 billion, a PE ratio of 49.47, a PEG ratio of 2.46 and a beta of 0.76. Chefs’ Warehouse has a 12-month low of $29.56 and a 12-month high of $42.06. The business’s 50 day simple moving average is $38.08 and its 200-day simple moving average is $37.48. The company has a current ratio of 2.35, a quick ratio of 1.47 and a debt-to-equity ratio of 0.87.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $426.51 million for the quarter, compared to the consensus estimate of $428.88 million. Chefs’ Warehouse had a net margin of 1.42% and a return on equity of 8.79%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. Equities analysts anticipate that Chefs’ Warehouse will post 1 EPS for the current year.

Several brokerages have recently issued reports on CHEF. ValuEngine upgraded shares of Chefs’ Warehouse from a hold rating to a buy rating in a report on Thursday. BidaskClub cut shares of Chefs’ Warehouse from a strong-buy rating to a buy rating in a report on Wednesday, January 22nd. Zacks Investment Research cut shares of Chefs’ Warehouse from a hold rating to a strong sell rating in a report on Tuesday. CL King began coverage on shares of Chefs’ Warehouse in a report on Monday, November 11th. They issued a buy rating and a $41.00 target price on the stock. Finally, Piper Sandler restated a buy rating and issued a $41.00 target price on shares of Chefs’ Warehouse in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $39.06.

About Chefs’ Warehouse

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

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Earnings History and Estimates for Chefs` Warehouse (NASDAQ:CHEF)

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